Important Banking Awareness Questions for Upcoming Exams 2017

February 1, 2017    

Important Banking Awareness Questions for Upcoming Exams 2017
Important Banking Awareness Questions for Upcoming Exams 2017 Set-114:
Dear Readers, The List of important Banking Awareness Quiz for upcoming exams was given here. Candidates those who are preparing for the exams can use this.
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1). In India, Micro finance development and Equity fund is maintained by-
a)   Small industries development Bank of India(SIDBI).
b)   RBI(Reserve bank of India).
c)   Nabard(National bank for Agriculture and rural development).
d)   CII(Confederation of industries in India).
e)   None of these


Answer: a)

2). What is/are the main functions of RBI?
(i). Notes Issuance.
(ii). Government's Banker.
(iii). Banker's Bank.
(iv). Bank's Supervision.
a)   Only (i)
b)   Both (ii) and (iii)
c)   Both (iii) and (iv)
d)   All of these
e)   None of these


Answer: d)

3). Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-
a)   bearer
b)   cross
c)   order
d)   all of the above.
e)   None of these


Answer: b)

4). What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty?
a)   Savings bank deposit
b)   Term deposit
c)   Recurring deposit
d)   Current deposit
e)   None of these


Answer: b)

5). The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the
a)   NABARD
b)   SBI
c)   EXIM bank
d)   SIDBI
e)   Other than those given as options


Answer: d)

6). Service Area Approach (SAA) is associated With?
a)   Development banks
b)   Branches of commercial banks situated in metro cities
c)   Urban branches of commercial banks
d)   Rural and Semi-urban branches of commercial banks
e)   None of these


Answer: d)

7). The credit policy of a bank does not consists of?
a)   Quality control
b)   Advertising of loan products
c)   Loan product mix
d)   Lending policies
e)   None of these


Answer: b)

8). Which of the following is the first commercial bank ?
a)   State bank of India
b)   Oudh Commercial Bank a
c)   Union Bank of India
d)   Indian Bank
e)   None of the above


Answer: d)

9). Imperial Bank of India was nationalised in
a)   1955
b)   1956
c)   1945
d)   1967
e)   1971


Answer: a)

10). Life Insurance corporation was established in
a)   1954
b)   1955
c)   1956
d)   1957
e)   1958


Answer: c)

1)a    2)d   3)b   4)b   5)d   6)d   7)b   8)d   9)a   10)c
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Important Banking Awareness Questions for Upcoming Exams 2017 4.5 5 Yateendra sahu February 1, 2017 Important Banking Awareness Questions for Upcoming Exams 2017 Set-114: Dear Readers, The List of important Banking Awareness Quiz for up...


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